17th Jan 2025 14:36
Woodbois Ltd - Guernsey, UK-based forestry management firm - Postpones repayment on a loan from Copenhagen-based financial service provider Nykredit Bank AS. Woodbois seeks a settlement agreement with the Danish bank, which on January 10 terminated a debt facility to subsidiary firm, Woodbois International APS.
The deadline for full repayment of two loans is Friday. The outstanding amounts are DKK6.8 million, or USD610,000, and EUR2.1 million. Woodbois says it is working towards "a satisfactory solution". Nykredit reserves its position on the matter.
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By Holly Munks, Alliance News reporter
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